Fifty Years Ago … Until a Few Years Ago
Mario Baldassarri and
Pasquale Capretta
Chapter 2 in The World Economy Towards Global Disequilibrium, 2007, pp 8-13 from Palgrave Macmillan
Abstract:
Abstract In the last 50 years the terms of trade between industrialized countries (prices of industrial products) and developing non-oil producing ones (prices for raw materials excluding petroleum) have shifted in favour of the first group of countries, rising at a yearly average rate of 0.7% (Figure 2.1 below).
Keywords: Yearly Average Rate; Pure Competition; Market Outlet; Communist Bloc; Large Multinational Corporation (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59084-7_2
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DOI: 10.1057/9780230590847_2
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